Ready to make your first international transfer to India? Proceed only after reading the four expert remittance tips discussed in this post.
Online remittance has made international money transfers highly convenient, secure, and affordable for NRIs all over the world. You can now find some of the most reputed Indian banks that offer hassle-free 24×7 online remittance services. Online remittance has made international money transfers highly convenient, secure, and affordable for NRIs all over the world. You can now find some of the most reputed Indian banks that offer hassle-free, 24×7 online remittance services.
But while accessing online money transfer services is now easier than ever, there are a few important things that one should remember before making a transfer. Here are a few expert tips to keep in mind while making international transfers-
1. Use an Exchange Rate Calculator
As the exchange rates fluctuate 24×7, online fund transfers to India continue to involve a lot of guesswork for most NRIs. Even after confirming a transfer, they’re never entirely sure about the actual amount that their beneficiary will receive in India.
A simple solution to eliminate the guesswork is using an exchange rate calculator. Reputed remittance service providers often have this online tool on their portal. With the help of this calculator, you can quickly know the amount your beneficiary will receive as per the current exchange rates.
2. Check the Service Fee
Apart from the exchange rate, you should also keep an eye out for the service fee. It’d be great if you read all the terms and conditions of the service provider before using its services. Ensure that there are no hidden charges and the transfer process is simple and transparent.
With some of the service providers, the service fee is a certain percentage of the remittance amount. Others charge a fixed fee. Do confirm how your remittance provider charges the service fee to avoid any unpleasant surprises after confirming the transfer.
3. Note the Tracking Number
There can be instances when your funds fail to reach your recipient in India on time. It is also possible that you might end up making a mistake while transferring funds. In such cases, you’ll need to get in touch with the support team of the service provider.
The first thing you’ll need to provide to the support representative will be the transfer tracking/reference number. Thus, ensure that you always note down the tracking number and save the transfer receipt. You might need them in the future.
4. Know the Average Transfer Duration
The NRI money to India transfer duration can vary between service providers and countries from which funds are being sent to India. Do check the average duration a transfer from your current country to India will take with the selected service provider.
While slight delays are unavoidable at times, the service provider should mostly complete the transfer within the specified duration.
Seamless Online Fund Transfers to India
Digital remittance has made the lives of NRIs across the world highly convenient. They can now easily send funds to their families and friends in India 24×7 without visiting any offline agent or paying a higher transfer fee.
Remember these tips when sending funds to India so that you experience the utmost convenience, transparency, and security. Online remittance has made international money transfers highly convenient, secure, and affordable for NRIs all over the world. You can now find some of the most reputed Indian banks that offer hassle-free, 24×7 online remittance services.
But while accessing online money transfer services is now easier than ever, there are a few important things that one should remember before making a transfer. Here are a few expert tips to keep in mind while making international transfers. Ensure that there are no hidden charges and the transfer process is simple and transparent. Ready to make your first international transfer to India? Proceed only after reading the four expert remittance tips discussed in this post.
Online remittance has made international money transfers highly convenient, secure, and affordable for NRIs all over the world. You can now find some of the most reputed Indian banks that offer hassle-free, 24×7 online remittance services.
But while accessing online money transfer services is now easier than ever, there are a few important things that one should remember before making a transfer.
With some of the service providers, the service fee is a certain percentage of the remittance amount. Others charge a fixed fee. Do confirm how your remittance provider charges the service fee to avoid any unpleasant surprises after confirming the transfer. A simple solution to eliminate the guesswork is using an exchange rate calculator. Reputed remittance service providers often have this online tool on their portal. With the help of this calculator, you can quickly know the amount your beneficiary will receive as per the current exchange rates. With some of the service providers, the service fee is a certain percentage of the remittance amount. Others charge a fixed fee. Do confirm how your remittance provider charges the service fee to avoid any unpleasant surprises after confirming the transfer. There can be instances when your funds fail to reach your recipient in India on time. It is also possible that you might end up making a mistake while transferring funds. In such cases, you’ll need to get in touch with the support team of the service provider.
The first thing you’ll need to provide to the support representative will be the transfer tracking/reference number. Digital remittance has made the lives of NRIs across the world highly convenient. They can now easily send funds to their families and friends in India 24×7 without visiting any offline agent or paying a higher transfer fee.
Remember these tips when sending funds to India so that you experience the utmost convenience, transparency, and security. Online remittance has made international money transfers highly convenient, secure, and affordable for NRIs all over the world.
